A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Images Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining
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Woman shopping for groceries in Brooklyn, NY, on September 15, 2023. Paola Chapdelaine | The Washington Post | Getty Images A recession that was in the forecast for 2023 never came to fruition. That has led to optimism that the Federal Reserve can reduce inflation and slow the economy without a recession, in what is
Townhomes are under construction on July 19, 2023 in Mundelein, Illinois. Scott Olson | Getty Images Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz. Lucas, who received 37.1 million Disney shares as part of Disney’s $4.05 billion purchase of Lucasfilm
A photovoltaic module company in Hefei, Anhui province, on Feb. 20, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China’s growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce
Martin-dm | E+ | Getty Images Millions of Americans are scrambling to file returns as the federal tax deadline approaches. But U.S. expatriates have extra filing rules — and the burden is making some expats question their American citizenship. Nearly one-third of U.S. expats have plans to renounce their American citizenship or are “seriously considering
Republican presidential candidate and former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on Feb. 20, 2024. Justin Sullivan | Getty Images Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former
OECD Tax Revenue by Country: Sources of Government Revenue Skip to content Home • Data • Sources of Government Revenue in the OECD, 2024 Table of Contents Developed countries raise taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general
In this article JBLU Follow your favorite stocksCREATE FREE ACCOUNT A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. Joe Raedle | Getty Images JetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier’s
Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a
red_moon_rise The rules around claiming Social Security benefits are full of caveats and nuances. Among them is a valuable quirk for certain divorced spouses: In many cases, the monthly Social Security benefit you can claim based on a former spouse’s work history essentially doubles when they die. “Your ex is worth twice as much dead
The Good Brigade | Digitalvision | Getty Images Over the last few years, the Biden administration has repeatedly announced that it was forgiving student debt for small groups of qualifying borrowers. So far, it has canceled the loans for almost 3.9 million people, totaling $138 billion in relief. Those who haven’t qualified for the aid
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home prices increased at the same rate as inflation since 1963, the median price of a
In this article JWN MS Follow your favorite stocksCREATE FREE ACCOUNT Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity —
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari Automotive Company’s IPO on October 21, 2015 in New York City. Andrew Burton | Getty Images Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker’s new electric vehicle will offer drivers the same roar as its historic combustion engines.
Affordability is the No. 1 issue among college hopefuls. And yet, fewer students are applying for financial aid. Problems with the new Free Application for Federal Student Aid have discouraged many high school seniors and their families from completing an application, experts say. At the current rate, the number of FAFSAs submitted by the end of August will
Artificial intelligence is moving into the housing space, specifically architecture. ICON, which developed one of the first fully 3D-printed housing developments in the U.S., is taking automation another step further. It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the plans, making the process cheaper
Economic Nexus Treatment by State, 2024 Skip to content Table of Contents Sales taxes are an important revenue source for states that maintain them. All states except Alaska, Delaware, Montana, New Hampshire, and Oregon have statewide sales taxes. While the state has no such taxA tax is a mandatory payment or charge collected by local,
In this article VOW-DE VOW3-DE Follow your favorite stocksCREATE FREE ACCOUNT The Audi SQ6 e-tron SUV. Audi Audi on Monday revealed its new all-electric Q6 e-tron SUV, the first production vehicle on its next-generation electric vehicle architecture. The Volkswagen-owned luxury carmaker says the new “Premium Platform Electric” opens up new levels of technology for Audi,